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Informist, Monday, Jan. 5, 2026

--FSN E-Comm Oct-Dec consol net sales YoY growth in upper end of mid-twenties 

--FSN E-Comm Q3 consol gross merchandise value YoY growth in late twenties 

--FSN E-Comm Q3 beauty vertical net sales grew in upper end of mid-twenties 

--FSN E-Comm Q3 fashion vertical net sales grew in late teens 

--FSN E-Comm Q3 fashion vertical net sales value grew in mid-twenties 

--FSN E-Comm Q3 beauty vertical net sales value grew in late twenties 

KOLKATA – FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, on Sunday said its consolidated net revenue growth for the December quarter is expected to be at the upper end of mid-twenties. This reflects a slight acceleration from the mid-twenties growth maintained over the past several quarters, the company said in an exchange filing.

The company's consolidated net sales value and gross merchandise value for Oct-Dec are expected to grow in the late twenties, the company said, adding that it reflects renewed growth in fashion vertical since start of this financial year alongside consistent strong performance of beauty vertical.

FSN E-Commerce' beauty products vertical is expected to deliver accelerated net sales value growth of late twenties - the highest in the past six quarters. "This stellar growth comes in a seasonally strong quarter, making it the largest quarter till date in terms of absolute scale. The growth was broad based across each of Nykaa's beauty businesses," the company said.

The outperformance of House of Nykaa brands, success of the Pink Friday sale as well as robust new customer acquisition contributed to the superior performance, according to the filing. As a result, the beauty products vertical's net revenue growth is expected to be in the upper end of mid-twenties.

The fashion vertical is expected to continue its revived growth trajectory with net sales value growth of mid-twenties in the December quarter, FSN E-Commerce said. "This was supported by strong performance of the core platform business, new brand additions and robust customer acquisition," FSN E-Commerce said in the filing. 

Net revenue growth for the fashion business is expected to be in late teens in the December quarter, which is lower that the net sales value growth from this vertical. This slower pace of growth is primarily due to subdued content and marketing income and ongoing channel optimisation of fashion owned brands, FSN E-Commerce said in the filing.

During the September quarter, FSN E-Commerce's consolidated top line rose 25% on year to INR 23.46 billion and the consolidated net profit increased threefold to INR 344.30 million. On Friday, shares of the company closed 0.32% lower at INR 264.90 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Avishek Rakshit

Edited by Nishant Maher

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